Choice Hotels International Inc (CHH) was Upgraded by Morgan Stanley to ” Equal-Weight”. Earlier the firm had a rating of “Underweight ” on the company shares. Morgan Stanley advised their investors in a research report released on Sep 26, 2016.
On the company’s financial health, Choice Hotels International Inc reported $0.71 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.67. The company had revenue of $241.75 million for the quarter, compared to analysts expectations of $243.26 million. The company’s revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 EPS.
Choice Hotels International Inc opened for trading at $46.76 and hit $46.92 on the upside on Thursday, eventually ending the session at $46.68, with a gain of 0.17% or 0.08 points. The heightened volatility saw the trading volume jump to 1,93,632 shares. Company has a market cap of $2,619 M.
In a different news, on Sep 7, 2016, Patrick Cimerola (Senior Vice President) sold 13,515 shares at $48.21 per share price. According to the SEC, on Aug 15, 2016, Patrick Pacious (President & COO) sold 4,745 shares at $48.73 per share price. On Jun 6, 2016, Simone Wu (Senior Vice President) sold 7,625 shares at $45.92 per share price, according to the Form-4 filing with the securities and exchange commission.
Choice Hotels International Inc. (Choice) is a hotel franchisor. Choice franchises lodging properties under various brand names: Comfort Inn Comfort Suites Quality Clarion Sleep Inn Econo Lodge Rodeway Inn MainStay Suites Suburban Extended Stay Hotel Cambria hotels & suites and Ascend Hotel Collection (collectively the Choice brands). It operates in two segments: hotel franchising business and SkyTouch Technology (SkyTouch). SkyTouch is a division of the Company that develops and markets cloud-based technology products including inventory management pricing and connectivity to third party channels to hoteliers not under franchise agreements with the Company. The SkyTouch platform also includes a mobile-native interface that offers mobile functionality to the elements of property management and housekeeping.